Collection › Zimbabwe › #681
500000 ZWD
P-P-51
Needs review
✦ AI 93%
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- Denomination: “500000” (0%)
- Pick #: “P-51” (0%)
- Watermark: “—” (30%)
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Where & when
What's on the note
Front: Chiremba Balancing Rocks near Harare, a distinctive granite formation that has become a national symbol of Zimbabwe and appears on multiple denominations of Zimbabwean currency. These naturally balanced rock formations are found in Epworth, approximately 12 kilometers southeast of Harare, and have been used as a currency motif since independence in 1980. The rock formation symbolizes the delicate balance required in development and nature.
Back: The reverse displays the Reserve Bank of Zimbabwe seal with a stylized Zimbabwe Bird (the national emblem from the ruins of Great Zimbabwe), the denomination '500000' (Five Hundred Thousand Dollars), expiry date '30th June 2008', issue date '1st July 2007', and the designation 'BEARER CHEQUE'. The serial number AG7067997 appears at lower right, and Dr. G Gono's signature as Governor appears at left. The bearer cheque format was an emergency measure during Zimbabwe's hyperinflation crisis.
How it was made
Signatures: Governor: Dr. G Gono
Security features: microprint,thread,latent_image
Zimbabwe in Africa
Zimbabwe in Africa. Other countries on the same continent shown in muted grey.
Background & history
This 500,000-dollar bearer cheque was issued on 1 July 2007 during Zimbabwe's catastrophic hyperinflation period, with an expiry date of 30 June 2008. The 'bearer cheque' designation was adopted by the Reserve Bank of Zimbabwe as an emergency expedient to rapidly introduce high-denomination notes without formally altering the currency. Dr. Gideon Gono served as Governor of the Reserve Bank from 2003 to 2013, presiding over the worst hyperinflation in modern history. This note is part of the Third Zimbabwe Dollar series (ZWD, 2006–2009), which saw denominations escalate from thousands to trillions. The currency was eventually abandoned in April 2009 when Zimbabwe adopted a multi-currency system. These bearer cheques are now demonetized and widely collected as historic artifacts of hyperinflation. The Chiremba Balancing Rocks motif has appeared on Zimbabwean currency since the first post-independence banknotes.
Collector references
How it came to me
Note shows handling and some soiling consistent with circulation during the hyperinflation period. Some edge wear visible.
What it's worth now
Valuation history (1)
| date | low | high | currency | source | note |
|---|---|---|---|---|---|
| 2026-05-10 07:54:58 | 1.0 | 5.0 | USD | ai | from claude-sonnet-4-5 |
History & extractions
AI extractions (2)
Edits & decisions (1)
Manual fixups
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